{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.77 vs. cons $0.73",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "TAVR revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.25B vs. cons ~$1.24B",
      "confidence": "LOW"
    },
    {
      "kpi": "TMTT revenue",
      "prediction": "BEAT",
      "answer": "pred ~$192M (+43%) vs. cons ~$187M (+39%)",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 total sales guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~$6.5-6.9B (9-11%) vs. cons ~$6.7B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 adjusted EPS guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.95-3.05 (mid ~$3.00) vs. cons ~$3.00 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 TMTT sales guide",
      "prediction": "BETTER",
      "answer": "guide raised to ~$760-790M vs. cons ~$765M (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 TAVR growth guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.7-5.0B (7-9%) vs. cons ~$4.85B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "TAVR NCD draft memo / US share signal commentary",
      "prediction": "UNKNOWN",
      "answer": "draft memo timing ~mid-2026 (now flagged by Q4 2026) vs. mkt expecting content this call; US share read TBD (H2 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.0,
  "day5_path": "FADE",
  "day5_rationale": "Stock already de-risked (~11% pullback into print, flat YTD), so a Q1-style EPS beat plus a likely TMTT guide raise should drive a positive day-1 residual (~+2.5%). But management has telegraphed tougher H2 comps and is likely to hold the total-company sales/EPS ranges rather than raise the full framework again; that out-period math implies 2H deceleration and caps upward estimate revisions. Combined with unresolved NCD-memo timing and TAVR-share ambiguity, the initial pop partially fades over the week toward a smaller residual (~+1%).",
  "day5_confidence": "LOW"
}